Calculating the Benefits of Keeping Customers


 
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Calculating the Benefits of Keeping Customers
Heins, Netherlands
Hello all, I have a question which repeatedly pops up: where to invest your money: keeping customers or buying customers.
Measuring buying customer is easy. But how do we measure the benefit of customer retention (not just the save desk)? How to measure the lesser churn because of an activity on (part of) the customer base?
My feeling is that because keeping is difficult to measure (how can you proof that x customers stayed with your company rather than leaving as a result of your action) that most of funds typically, depending on markets, is spend on new sales.
Any help please?
 

 
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Mrinal Ghosh, Business Consultant, India
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Marcel Wiedenbrugge, Consultant, Netherlands
To Nagaraj: I think that the answer to this questi...
 

 
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MD Hafeez Ahmed, Consultant, India
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Tleli Makhetha, Business Coach, South Africa
Marcel is correct, the answer is a little more inv...
 

 
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Rajesh Sharma, Professor, Nepal
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